CFC launches smart-tracking marine K&R cover amid rising piracy risk


“Incidence of piracy at sea is becoming more widespread, with the International Maritime Bureau’s Piracy Reporting Centre recording a 20% increase in piracy events in 2025 compared to 2024,” said Beaton. “At the same time, the severity of piracy in key high-risk areas is not diminishing as maritime crime is no exception to the impact of global instability.


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